Part-time work is on the rise

20 April 2017
205 Views

In a country suffering from a protracted economic crisis and high unemployment, part-time employment offers a solution to companies struggling to stay afloat. It has also doubled in size since the start of the financial meltdown, a report by the Hellenic Federation of Enterprises (SEV) shows.

Despite a significant spike witnessed in the last decade that has seen about one in 10 workers in Greece taking on a part-time job, this is roughly half the average rate in the 28 countries of the European Union, which comes to two in every 10 workers.

In its weekly bulletin yesterday, SEV noted that in a period of crisis part-time work may be obligatory for both enterprises and workers, but it is also becoming an increasingly growing practice all over the world, facilitating companies to better regulate their operational costs according to demand fluctuations. It also allows workers to select a type of employment that offers reduced hours.

With Greece being required to restructure its production model, SEV stresses that any expectations that emerging from the crisis will signal a drastic return to full-time from part-time employment are not only contrary to the international trend, but also put the future of local enterprises at risk.

“Technological developments and new production models are reversing entrenched conditions in the labor market, and enterprises that are not able to keep up with their international competitors in these changes will run the risk of closure,” SEV warned in its report.

Analysts say that the spike in part-time jobs, mainly across small enterprises, followed the reduction of the minimum wage in 2012 and resulted in a decline of average salaries. SEV says only an economic rebound will allow salaries to recover.

The Federation also stresses a “negative development” that may well have led to an increase in part-time employment, as certain sectors in the market – particularly in less organized enterprises – have witnessed practices of undeclared or partly undeclared labor.

You may be interested

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece
GREECE
shares43 views
GREECE
shares43 views

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece

makis - Nov 17, 2017

Turkish Deputy Prime Minister Bekir Bozdag accused Greece of imprisoning Muslim Imams, despite the country being a member of the…

Greek PM says country would rely on itself to face flood disaster
POLITICS
shares49 views
POLITICS
shares49 views

Greek PM says country would rely on itself to face flood disaster

makis - Nov 17, 2017

Greek PM Alexis Tsipras thanked European countries for offering to help after the flash floods in western Attica, Wednesday, which…

US meteorologist explains deadly storm that flooded Greek towns
GREECE
shares72 views
GREECE
shares72 views

US meteorologist explains deadly storm that flooded Greek towns

makis - Nov 17, 2017

“When the Atlantic hurricane season begins to quiet down in late October and November, it’s time to cast an eye…

Leave a Comment

Your email address will not be published.